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The indirect effect of the Russian-Ukrainian war through international linkages : early evidence from the stock market

Biermann, Marcus; Leromain, Elsa - 2023

Persistent link: https://www.econbiz.de/10013536499

The Impact of Economic Globalization on the Shadow Economy in Egypt

Farzanegan, Mohammad Reza - 2017

This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in economic globalization is negative and statistically...

Persistent link: https://www.econbiz.de/10012956723

A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy

Glomm, Gerhard - 2015

We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is calibrated to Egypt and used...

Persistent link: https://www.econbiz.de/10013027091

Economic theories and macroeconomic reality

Loria, Francesca; Matthes, Christian; Wang, Mu-Chun - 2021

Economic theories are often encoded in equilibrium models that cannot be directly estimated because they lack features that, while inessential to the theoretical mechanism that is central to the specific theory, would be essential to fit the data well. We propose an econometric approach that...

Persistent link: https://www.econbiz.de/10012792815

Are fiscal VAR's non-fundamentalness easily reversible through the addition of informative variables?

Vonbun, Christian; Lima, Elcyon Caiado Rocha - 2021

The VAR/SVAR (Vector Autoregressive and Structural Vector Autoregressive) models are the cornerstone of the … General Equilibrium) models – the main theoretical tool for modern macroeconomics. Nevertheless, VAR models may be subject to …

Persistent link: https://www.econbiz.de/10012486165

Growth expectations, undue optimism, and short-run fluctuations

Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2017

VAR model. It is based on nowcast errors regarding current output growth, that is, the difference between actual growth …

Persistent link: https://www.econbiz.de/10011649164

Value at risk : proposals on a generalization

Schröder, Michael - 1996

The Value at Risk approach (VaR) is more and more used as a tool for risk measurement. The approach however has … shortcomings both from a theoretical and a practical point of view. VaR can be classified within existing concepts of risk … measurement: it is particularly interpretable as a special measure of shortfall risk. From that point of view VaR will be extended …

Persistent link: https://www.econbiz.de/10011622673

Fiscal multipliers of central, state and local government and of the social security funds in Germany : evidence of a SVAR

Hollmayr, Josef; Kuckuck, Jan - 2018

By applying a Structural Vector Autoregressive (SVAR) approach this paper estimates the effects of fiscal policy shocks of different government sub-sectors on aggregate GDP in Germany. From a general government perspective, the results show that besides investment, it is particularly changes in...

Persistent link: https://www.econbiz.de/10011897960

The financial market effects of the ECB's asset purchase programs

Lewis, Vivien; Roth, Markus - 2017

The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side effects on financial stability. This paper aims at gauging the effects on financial markets, the banking sector, and lending to non-financial firms. Using a structural vector...

Persistent link: https://www.econbiz.de/10011712553

Energy Use and Economic Growth in Africa: A Panel Granger-Causality Investigation

Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - CESifo - 2014

We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa. However, African countries are heterogeneous and there is...

Persistent link: https://www.econbiz.de/10010877974